Amid a steady rally, bitcoin has conquered an all-time peak, aiming for new highs. Other cryptocurrencies are also appreciating at a furious pace. In February 2021, the crypto market capitalization swelled to $1.72 trillion. At the same time, the bitcoin dominance index dropped to 60%.
Having conducted in-depth market analysis, strategists at InstaForex have come up with simple but advanced trading instruments, tuning in to current trends and traders' needs. These instruments can prompt traders to find new entry points to the humongous crypto market.
So, the brokerage giant makes new crypto instruments available from February 22, 2021. Let's get to know them!
ChainCoin
ChainCoin is a cryptocurrency with its own blockchain that was invented with a view to eliminating intrusion of any banking authority into users' transactions.
Filecoin
Filecoin is an open-source public cryptocurrency and digital payment system which converts unused hard drive space into an algorithmic market.
Uniswap
Uniswap is a cryptocurrency operating on the Ethereum blockchain. It enables exchanging tokens through liquidity pools without third parties and delays.
Polkadot
Polkadot is a multi-chain network which ensures interaction of all blockchains inside it, thus creating a kind of a web of compatible blockchains which make up a decentralized system.
Dogecoin
Dogecoin got its name and logo from the “Doge" meme and features the muzzle of the Shiba Inu dog. This cryptocurrency was invented as the fork of Litecoin in December 2013 and was originally introduced as a funny payment system for Reddit and Twitter users to give tips. This token aroused the interest of Elon Musk. After he had tweeted that Dogecoin was the people's crypto, its value soared 563%.
Chainlink
Chainlink is a blockchain-based platform aimed to eliminate unauthorized involvement of third parties when exchanging data through complicated smart contracts. This technology ensures advanced protection of information not only inside blockchain but beyond it.
Cardano
Cardano runs on the proof of stake technology. It was invented as an alternative to Ethereum. This cryptocurrency platform enables creating smart contracts, decentralized apps and protocols as well as instant transactions of digital assets with minor commissions.
So, apart from widely popular cryptocurrencies such as:
InstaForex has complemented the list with new crypto instruments. Above all else, the broker offers trading currency pairs, stocks, futures contracts, and binary options.
The major advantage of trading cryptocurrencies intraday is that such strategies yield high returns in practice. Unlike other financial markets where quotes normally fluctuate by no more than 1%, quotes of digital assets can double within 24 hours.
The growing popularity of cryptocurrencies opens up ample opportunities to earn fat profits. Take advantage of them!
InstaForex cares how to make trading in global financial markets more efficient. The company posts daily analysis by 30 experts and charges lower brokerage commissions. A swap rate, i.e. a commission charged when keeping crypto positions open overnight, equals 10% that is two times lower than swaps with other brokers.
Since 2008, InstaForex has been upgrading the quality of its services and products on a daily basis. Thus, the company has deserved the reputation of a reliable provider of online financial services and has gained recognition as the best broker in Europe and Asia. 15 awards and 7 million clients prove that InstaForex is the broker to trust!
Meet three promising assets with promising trends! This is an excellent solution for those who have not yet decided on which instrument is the best way to open a deal. Assets from three different groups are waiting for you in the September portfolio — there is plenty to choose from.
Read more...Dear traders! We are glad to inform you about the opening of registration for the 4th round of the "Gold Whale" contest!
"Gold Whale" is a monthly contest that allows you to combine regular trading on your account with a competition for a real cash prize.
Read more...Trading on intraday price fluctuations remains a promising opportunity for earning money on Forex. This type of trading is considered aggressive, but if successful, market participants can increase profits several times. How do price levels affect earnings in day trading? What are the rules for making a trading plan for intraday trading? We invite you to attend the training webinar "Graphical analysis inside the day: price levels, models and shapes" and get answers to these and other questions. At the webinar, you will learn how to trade within the day with maximum profitability, as well as apply the theory of Charles Dow. The webinar is organized by NPBFX broker together with the FX-Instructor Distance Education Center.
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